Binance Futures Announces Listing of This Altcon with 50x Leverage! There was a sudden increase in price!

Making a strategic move to expand its futures offerings, Binance announced that it has listed TWT.

Binance Futures Introduces 50x Leveraged USDⓈ-M TWT Perpetual Contract

The contract will go live on November 3, 2023 at 17:30 and will offer investors the opportunity to leverage their positions up to 50 times.

TWT Daily Chart

Here are some important details about the new TWT Perpetual Agreement:

At launch, the TWTUSDT Perpetual Contract will have a maximum funding rate of +2.00% / -2.00%. This mechanism is crucial to keep the price of the contract close to the underlying spot market.

Funding fees for the TWT Perpetual Contract will be paid every four hours, contributing to the stability of the contract and aligning it with market conditions.

Considering the dynamic nature of the crypto market, Binance reserves the right to make adjustments to contract specifications as necessary.

These changes may include changes to funding fees, tick size, maximum leverage, initial margin, and maintenance margin requirements.

This move by Binance represents a significant step towards expanding the platform's futures offerings, offering users greater flexibility and trading opportunities in the dynamic crypto market.

*This is not investment advice.